ECB Calls For Bids In 7-Day Tender At Fixed Rate Of 0.75%

–ECB Sees Benchmark Allotment At -E613 Bln Based On July 9th Forecast

FRANKFURT (MNI) – The European Central Bank called Monday for bids
on its weekly seven-day refinancing agreements at a fixed rate of 0.75%.

It said that based on its liquidity forecast Monday, the benchmark
allotment amounted to a net deficit of E613.0 billion. The central bank
also announced that the average autonomous factors for the period
between July 11th and 17th is estimated at E405.3 billion.

Last week, the ECB allotted E180.3779 billion in an 7-day auction;
those refis expire Tuesday.

Bids for the new refis are due by 0730 GMT on Tuesday.

— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com —

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